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The Township Council unanimously approved an amended mediation agreement addressing Randolph’s fourth-round affordable housing obligations, with six votes in favor and none opposed. The agreement provides protections for the next nine years and addresses funding concerns involving the Affordable Housing Trust Fund.
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The agreement limits Randolph’s obligation to fund housing-control extensions to money available in its Affordable Housing Trust Fund, rather than requiring other funding sources such as taxpayer dollars, borrowing, or grants. If some controls cannot be extended, the related shortfall will count toward unmet need instead of requiring a one-for-one replacement. The agreement also addresses the 24 housing credits the township would otherwise receive.
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